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GLOBAL SYNTHETIC LEATHER MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Global Synthetic Leather Market by Product (Polyurethane, Polyvinyl Chloride, Bio-based) Market by Application (Footwear, Automotive, Furnishing, Clothing, Bags & Wallets, Other Applications) by Geography

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MARKET OVERVIEW

In terms of revenue, the global synthetic leather market was valued at $32476.31 million in 2022, and is expected to reach $64610.65 million by 2032, growing at a 7.11% CAGR during the forecast period, 2023-2032.

In terms of volume, the global synthetic leather market was valued at 14945.70 million meters in 2022, and is expected to reach 29134.44 million meters by 2032, growing at a 6.89% CAGR during the assessment years.

Synthetic leather, commonly referred to as imitation, vegan, PU, or faux leather, is a synthetic material that resembles leather but is not made from an animal’s skin or hides, unlike real leather. Natural and synthetic fibers encased in a plastic polymer or a similar substance from synthetic leather. 

Polyurethane (PU), polymer-based textile composite microfibres or polyvinyl chloride (PVC) are the primary building blocks of synthetic materials. Synthetic leather has a similar look and feel to real leather and is utilized to make attractive products that are reasonably priced. Pleather (plastic leather), vegan leather, Poromeric imitation leather, leatherette, microfiber leather, bonded leather, and synthetic suede are a few examples of synthetic leather varieties.

Read our latest blog on the Synthetic Leather Market

GROWTH ENABLERS

Key growth enablers of the global synthetic leather market are: 

  • Increase in demand from various end use industries
  • Tectonic shift toward the adoption of animal-free and sustainable products
    • Vegan clothing is defined as having no animal-based materials, including wool, silk, leather or fur, and not using animal-based products during any stage of the manufacturing process.
    • Due to the significant environmental impact of the livestock industry, vegan fashion products are selected not only for their support of animal freedom and rights but also because they are ‘sustainable’ solutions.
    • A lot of the major brands in fashion have already begun using synthetic leather in their product lines. To increase the use of leather alternatives in their products, companies including Adidas, Stella McCartney, Lululemon and Kering, which owns brands like Gucci, Balenciaga, Alexander McQueen, and Bottega Veneta, have turned to synthetic leather. 
    • Lululemon and MycoWorks have also collaborated to launch a line of eco-friendly bags and yoga mats made from vegan leather.
  • Cheaper and more affordable alternative to natural leather

GROWTH RESTRAINTS

Key growth restraining factors are:

  • Concerns regarding the use of PVC and PU
  • Fundamental differences from natural counterparts
    • An economical choice that is gaining popularity for home furnishings is synthetic leather. Although it could initially seem to be the real thing, the substance is fundamentally different from its natural counterpart.
    • Unlike real leather, synthetic leather furniture is more likely to gather dangerous substances, making life less comfortable for anyone who suffers from allergies. While synthetic leather is generally easier to clean than other types of upholstery, it may nevertheless increase the number of potential allergens in the house.
    • Real leather is far more durable than synthetic leather. Poor-quality pieces lose their original finish in just a few months. It tends to peel and shatter with time. It tends to peel and shatter with time. Such drawbacks can hamper the growth of the global synthetic leather market.

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KEY MARKET TRENDS

Global Synthetic Leather Market | Top Trends

  • Given the growing governmental and environmental limitations against using hazardous toxic chemicals in European Union and North America, bio-based synthetic leather and vegan leather may present a sizable market potential for artificial leather manufacturers. As a result, the development of bio-based synthetic leather will probably present profitable prospects for established key companies to increase the scope of their creative product lines and seize market domination.
  • For many years, synthetic leather was almost exclusively used for footwear. Later, at the dawn of the automobile age, leather seats were virtually universally installed in vehicles. Synthetic leather is now employed in a variety of novel and modern ways. Consequently, synthetic leather is being used in diverse industries.

MARKET SEGMENTATION

Market Segmentation – Product and Application –

Market by Product:

  • Polyurethane (PU)
    • Raw materials produce PU synthetic leather, including nonwoven or woven fabric, polyurethane, adhesives, colorants, crosslinking agents, and viscosity regulators.
    • It is waterproof, softer, lighter than real leather and straightforward to dry clean. In addition, it is more easily damaged and has lower sun resistance than genuine leather.
    • Since polyurethane (PU) leather doesn’t release dioxins like vinyl-based leather, it is considered more environmentally friendly. It is more expensive than PVC-based leather due to the extensive production process needed. These characteristics make it the ideal material for several automotive applications.
  • Polyvinyl Chloride (PVC)
  • Bio-Based

Market by Application:

  • Footwear
    • Synthetic leather shoes offer better water resistance than actual leather shoes, which might get dirty from exposure to certain things. Synthetic leather shoes can withstand prolonged walking and running. 
    • Synthetic leather is widely used for the linings, uppers, and soles of sports shoes, flip-flops, dress shoes, soccer shoes, boots, sandals, and slippers.
    • This market segment is anticipated to expand significantly during the forecast period due to rising consumer disposable income and economic expansion. Demand for synthetic leather in footwear applications is also predicted to increase as athleisure, a design trend emphasizing wearing athletic shoes with casual apparel, gains more mainstream recognition.
  • Automotive
  • Furnishing
  • Clothing
  • Bags & Wallets
  • Other Applications

GEOGRAPHICAL STUDY

Geographical Study Based on Four Major Regions:
  • North America: The United States and Canada
  • Europe: The United Kingdom, Germany, France, Italy, Spain, Nordic Countries, and Rest of Europe
  • Asia-Pacific: China, Japan, India, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, and Rest of Asia-Pacific
    • Access to a sizable pool of inexpensively available skilled labor and easy access to land are two characteristics of the Asia Pacific region. The market share of synthetic leather in the area is anticipated to increase over the forecast period due to the shift in the production environment toward rising nations, particularly China and India.
    • The United States, Germany, France, the United Kingdom, Italy, and significant Middle Eastern countries are currently the top export markets for Chinese footwear. China’s growing footwear and furniture industries drive the demand for synthetic leather.
    • According to Invest India, India is the world’s second-largest leather apparel and footwear exporter. A big domestic market with rising disposable incomes and a growing labor force drive the footwear sector. The government supports the leather and footwear sectors in their efforts to be sustainable.
    • The market for synthetic leather is anticipated to be driven by consumers’ growing concern for animal welfare and the country’s expanding demand from the footwear and leather sectors.
  • Rest of World: Latin America, the Middle East & Africa

MAJOR PLAYERS

The major players in the global synthetic leather market are:

  • Alfatex Italia SRL  
  • BASF SE 
  • Mayur Uniquoters Limited 
  • San Fang Chemical Industry Co Ltd

Key strategies adopted by some of these companies:

  • The acquisition of Solvay’s polyamide business, well-known polyamide capabilities and well-known products like Technyl by BASF SE was completed in January 2020. This will enable BASF SE to offer its customers even better engineering plastics solutions, such as those for autonomous driving and e-mobility.
  • As a sustainable material, Kuraray Fastening Co Ltd introduced a new item in its MAGIC TAPETM polyester hook-and-loop fasteners for clothing and other manufacturers in November 2022.
  • Toray Industries Inc announced its plans to will work with blockchain technology solutions provider Soramitsu Co Ltd to launch a proof-of-concept trial for a blockchain-based traceability system in the year ending March 2023.
  • The construction of a new hexamethylene diamine (HMD) facility in Chalampé, France, was announced by BASF SE in January 2022. The new facility will let BASF produce 260,000 metric tonnes of HMD annually. In addition, beginning in 2022, BASF will increase the production of polyamide 6.6 in Freiburg, Germany.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2021
Forecast UnitsRevenue ($ Million)
Segments AnalyzedRevenue ($ Million), Volume (Million Meters)
Geographies AnalyzedNorth America, Europe, Asia-Pacific, and Rest of World
Companies AnalyzedAchilles USA Inc, Alfatex Italia SRL, Toray Industries Inc, BASF SE, HR Polycoats Pvt Ltd, Kuraray Co Ltd, Mayur Uniquoters Limited, Nan Ya Plastics Corporation, San Fang Chemical Industry Co Ltd, Teijin Limited, FILWEL Co Ltd, Yantai Wanhua Synthetic Leather Group Co Ltd, Zhejiang Hexin Holdings Co Ltd, Winner Nippon Leatherette Pvt Ltd, Taiwan PU Corporation.

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS
      1. ADOPTION OF VEGAN-BASED LEATHER ACROSS THE FASHION INDUSTRY
      2. SURGING USE OF SYNTHETIC LEATHER BY AUTOMOTIVE GIANTS
      3. MYTH THAT SYNTHETIC LEATHER IS MORE ECO-FRIENDLY THAN REAL LEATHER
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. INCREASE IN DEMAND FROM VARIOUS END USE INDUSTRIES
      2. TECTONIC SHIFT TOWARD THE ADOPTION OF ANIMAL-FREE AND SUSTAINABLE PRODUCTS
      3. CHEAPER AND MORE AFFORDABLE ALTERNATIVE TO NATURAL LEATHER
    2. KEY RESTRAINTS
      1. CONCERNS REGARDING THE USE OF PVC AND PU
      2. FUNDAMENTAL DIFFERENCES FROM NATURAL COUNTERPARTS
  4. KEY ANALYTICS
    1. PARENT MARKET ANALYSIS
    2. MANUFACTURING TECHNOLOGY SNAPSHOT
      1. WET PROCESS
      2. TRANSFER COATING TECHNOLOGY
    3. KEY MARKET TRENDS
    4. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    5. GROWTH PROSPECT MAPPING
      1. GROWTH PROSPECT MAPPING FOR UNITED STATES
      2. GROWTH PROSPECT MAPPING FOR GERMANY
      3. GROWTH PROSPECT MAPPING FOR INDIA
      4. GROWTH MAPPING PROSPECT FOR MEXICO
    6. MARKET MATURITY ANALYSIS
    7. MARKET CONCENTRATION ANALYSIS
    8. VALUE CHAIN ANALYSIS
      1. RAW MATERIAL SUPPLIERS
      2. MANUFACTURERS
      3. DISTRIBUTORS
      4. END USE
    9. KEY BUYING CRITERIA
      1. RAW MATERIAL
      2. DURABILITY
      3. COST
  5. MARKET BY PRODUCT
    1. POLYURETHANE (PU)
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. POLYVINYL CHLORIDE (PVC)
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. BIO-BASED
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY APPLICATION
    1. FOOTWEAR
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. AUTOMOTIVE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. FURNISHING
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. CLOTHING
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. BAGS & WALLETS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    6. OTHER APPLICATIONS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA SYNTHETIC LEATHER MARKET DRIVERS
      3. NORTH AMERICA SYNTHETIC LEATHER MARKET CHALLENGES
      4. NORTH AMERICA SYNTHETIC LEATHER MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS
      6. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES SYNTHETIC LEATHER MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA SYNTHETIC LEATHER MARKET SIZE & OPPORTUNITIES
    2. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE SYNTHETIC LEATHER MARKET DRIVERS
      3. EUROPE SYNTHETIC LEATHER MARKET CHALLENGES
      4. EUROPE SYNTHETIC LEATHER MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS
      6. COUNTRY ANALYSIS
        1. UNITED KINGDOM
          1. UNITED KINGDOM SYNTHETIC LEATHER MARKET SIZE & OPPORTUNITIES
        2. GERMANY
          1. GERMANY SYNTHETIC LEATHER MARKET SIZE & OPPORTUNITIES
        3. FRANCE
          1. FRANCE SYNTHETIC LEATHER MARKET SIZE & OPPORTUNITIES
        4. ITALY
          1. ITALY SYNTHETIC LEATHER MARKET SIZE & OPPORTUNITIES
        5. SPAIN
          1. SPAIN SYNTHETIC LEATHER MARKET SIZE & OPPORTUNITIES
        6. NORDIC COUNTRIES
          1. NORDIC COUNTRIES SYNTHETIC LEATHER MARKET SIZE & OPPORTUNITIES
        7. REST OF EUROPE
          1. REST OF EUROPE SYNTHETIC LEATHER MARKET SIZE & OPPORTUNITIES
    3. ASIA-PACIFIC
      1. MARKET ESTIMATES & SIZES
      2. ASIA-PACIFIC SYNTHETIC LEATHER MARKET DRIVERS
      3. ASIA-PACIFIC SYNTHETIC LEATHER MARKET CHALLENGES
      4. ASIA-PACIFIC SYNTHETIC LEATHER MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS
      6. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA SYNTHETIC LEATHER MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN SYNTHETIC LEATHER MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA SYNTHETIC LEATHER MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA SYNTHETIC LEATHER MARKET SIZE & OPPORTUNITIES
        5. INDONESIA
          1. INDONESIA SYNTHETIC LEATHER MARKET SIZE & OPPORTUNITIES
        6. THAILAND
          1. THAILAND SYNTHETIC LEATHER MARKET SIZE & OPPORTUNITIES
        7. VIETNAM
          1. VIETNAM SYNTHETIC LEATHER MARKET SIZE & OPPORTUNITIES
        8. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND SYNTHETIC LEATHER MARKET SIZE & OPPORTUNITIES
        9. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC SYNTHETIC LEATHER MARKET SIZE & OPPORTUNITIES
    4. REST OF WORLD
      1. MARKET ESTIMATES & SIZES
      2. REST OF WORLD SYNTHETIC LEATHER MARKET DRIVERS
      3. REST OF WORLD SYNTHETIC LEATHER MARKET CHALLENGES
      4. REST OF WORLD SYNTHETIC LEATHER MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS
      6. REGIONAL ANALYSIS
        1. LATIN AMERICA
          1. LATIN AMERICA SYNTHETIC LEATHER MARKET SIZE & OPPORTUNITIES
        2. MIDDLE EAST & AFRICA
          1. MIDDLE EAST & AFRICA SYNTHETIC LEATHER MARKET SIZE & OPPORTUNITIES
  8. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS DIVESTITURES & EXPANSIONS
    2. COMPANY PROFILES
      1. ACHILLES USA INC
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS
        4. STRENGTHS & CHALLENGES
      2. ALFATEX ITALIA SRL
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS
        4. STRENGTHS & CHALLENGES
      3. BASF SE
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS
        4. STRENGTHS & CHALLENGES 
      4. FILWEL CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS
      5. HR POLYCOATS PVT LTD
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS
        4. STRENGTHS & CHALLENGES 
      6. KURARAY CO LTD
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS
        4. STRENGTHS & CHALLENGES
      7. MAYUR UNIQUOTERS LIMITED
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS
        4. STRENGTHS & CHALLENGES 
      8. NAN YA PLASTICS CORPORATION INC
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS
        4. STRENGTHS & CHALLENGES 
      9. SAN FANG CHEMICAL INDUSTRY CO LTD
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS
        4. STRENGTHS & CHALLENGES 
      10. TAIWAN PU CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS
      11. TEJIN LIMITED
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS
        4. STRENGTHS & CHALLENGES
      12. TORAY INDUSTRIES INC
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS
        4. STRENGTHS & CHALLENGES
      13. WINNER NIPPON LEATHERETTE PVT LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS
      14. YANTAI WANHUA SYNTHETIC LEATHER GROUP CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS
      15. ZHEJIANG HEXIN HOLDINGS CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – SYNTHETIC LEATHER

TABLE 2: GLOBAL SYNTHETIC LEATHER MARKET, BY PRODUCT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 3: GLOBAL SYNTHETIC LEATHER MARKET, BY PRODUCT, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 4: GLOBAL SYNTHETIC LEATHER MARKET, BY PRODUCT, HISTORICAL YEARS, 2018-2021 (IN MILLION METERS)

TABLE 5: GLOBAL SYNTHETIC LEATHER MARKET, BY PRODUCT, FORECAST YEARS, 2023-2032 (IN MILLION METERS)

TABLE 6: GLOBAL POLYURETHANE (PU) MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 7: GLOBAL POLYURETHANE (PU) MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 8: GLOBAL POLYURETHANE (PU) MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN MILLION METERS)

TABLE 9: GLOBAL POLYURETHANE (PU) MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN MILLION METERS)

TABLE 10: GLOBAL POLYVINYL CHLORIDE (PVC) MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 11: GLOBAL POLYVINYL CHLORIDE (PVC) MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 12: GLOBAL POLYVINYL CHLORIDE (PVC) MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN MILLION METERS)

TABLE 13: GLOBAL POLYVINYL CHLORIDE (PVC) MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN MILLION METERS)

TABLE 14: GLOBAL BIO-BASED MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 15: GLOBAL BIO-BASED MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 16: GLOBAL BIO-BASED MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN MILLION METERS)

TABLE 17: GLOBAL BIO-BASED MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN MILLION METERS)

TABLE 18: GLOBAL SYNTHETIC LEATHER MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 19: GLOBAL SYNTHETIC LEATHER MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 20: GLOBAL SYNTHETIC LEATHER MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN MILLION METERS)

TABLE 21: GLOBAL SYNTHETIC LEATHER MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN MILLION METERS)

TABLE 22: GLOBAL FOOTWEAR MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 23: GLOBAL FOOTWEAR MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 24: GLOBAL FOOTWEAR MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN MILLION METERS)

TABLE 25: GLOBAL FOOTWEAR MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN MILLION METERS)

TABLE 26: GLOBAL AUTOMOTIVE MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 27: GLOBAL AUTOMOTIVE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 28: GLOBAL AUTOMOTIVE MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN MILLION METERS)

TABLE 29: GLOBAL AUTOMOTIVE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN MILLION METERS)

TABLE 30: GLOBAL FURNISHING MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 31: GLOBAL FURNISHING MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 32: GLOBAL FURNISHING MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN MILLION METERS)

TABLE 33: GLOBAL FURNISHING MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN MILLION METERS)

TABLE 34: GLOBAL CLOTHING MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 35: GLOBAL CLOTHING MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 36: GLOBAL CLOTHING MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN MILLION METERS)

TABLE 37: GLOBAL CLOTHING MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN MILLION METERS)

TABLE 38: GLOBAL BAGS & WALLETS MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 39: GLOBAL BAGS & WALLETS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 40: GLOBAL BAGS & WALLETS MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN MILLION METERS)

TABLE 41: GLOBAL BAGS & WALLETS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN MILLION METERS)

TABLE 42: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 43: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 44: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN MILLION METERS)

TABLE 45: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN MILLION METERS)

TABLE 46: GLOBAL SYNTHETIC LEATHER MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 47: GLOBAL SYNTHETIC LEATHER MARKET, BY GEOGRAPHY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 48: GLOBAL SYNTHETIC LEATHER MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2021 (IN MILLION METERS)

TABLE 49: GLOBAL SYNTHETIC LEATHER MARKET, BY GEOGRAPHY, FORECAST YEARS, 2023-2032 (IN MILLION METERS)

TABLE 50: NORTH AMERICA SYNTHETIC LEATHER MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 51: NORTH AMERICA SYNTHETIC LEATHER MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 52: NORTH AMERICA SYNTHETIC LEATHER MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN MILLION METERS)

TABLE 53: NORTH AMERICA SYNTHETIC LEATHER MARKET, BY COUNTRY, HISTORICAL YEARS 2023-2032 (IN MILLION METERS)

TABLE 54: NORTH AMERICA SYNTHETIC LEATHER MARKET REGULATORY FRAMEWORK

TABLE 55: LEADING PLAYERS OPERATING IN NORTH AMERICA SYNTHETIC LEATHER MARKET

TABLE 56: EUROPE SYNTHETIC LEATHER MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 57: EUROPE SYNTHETIC LEATHER MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 58: EUROPE SYNTHETIC LEATHER MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN MILLION METERS)

TABLE 59: EUROPE SYNTHETIC LEATHER MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN MILLION METERS)

TABLE 60: EUROPE SYNTHETIC LEATHER MARKET REGULATORY FRAMEWORK

TABLE 61: LEADING PLAYERS OPERATING IN EUROPE SYNTHETIC LEATHER MARKET

TABLE 62: ASIA-PACIFIC SYNTHETIC LEATHER MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 63: ASIA-PACIFIC SYNTHETIC LEATHER MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 64: ASIA-PACIFIC SYNTHETIC LEATHER MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN MILLION METERS)

TABLE 65: ASIA-PACIFIC SYNTHETIC LEATHER MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN MILLION METERS)

TABLE 66: ASIA-PACIFIC SYNTHETIC LEATHER MARKET REGULATORY FRAMEWORK

TABLE 67: LEADING PLAYERS OPERATING IN ASIA-PACIFIC SYNTHETIC LEATHER MARKET

TABLE 68: REST OF WORLD SYNTHETIC LEATHER MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 69: REST OF WORLD SYNTHETIC LEATHER MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 70: REST OF WORLD SYNTHETIC LEATHER MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN MILLION METERS)

TABLE 71: REST OF WORLD SYNTHETIC LEATHER MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN MILLION METERS)

TABLE 72: REST OF WORLD SYNTHETIC LEATHER MARKET REGULATORY FRAMEWORK

TABLE 73: LEADING PLAYERS OPERATING IN REST OF WORLD SYNTHETIC LEATHER MARKET

TABLE 74: LIST OF ACQUISITIONS

TABLE 75: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 76: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 77: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: MANUFACTURING TECHNOLOGY SNAPSHOT

FIGURE 2: KEY MARKET TRENDS

FIGURE 3: PORTER’S FIVE FORCES ANALYSIS

FIGURE 4: GROWTH PROSPECT MAPPING FOR UNITED STATES

FIGURE 5: GROWTH PROSPECT MAPPING FOR GERMANY

FIGURE 6: GROWTH PROSPECT MAPPING FOR INDIA

FIGURE 7: GROWTH PROSPECT MAPPING FOR MEXICO

FIGURE 8: MARKET MATURITY ANALYSIS

FIGURE 9: MARKET CONCENTRATION ANALYSIS

FIGURE 10: VALUE CHAIN ANALYSIS

FIGURE 11: KEY BUYING CRITERIA

FIGURE 12: GLOBAL SYNTHETIC LEATHER MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2022

FIGURE 13: GLOBAL SYNTHETIC LEATHER MARKET, BY POLYURETHANE (PU), 2023-2032 (IN $ MILLION)

FIGURE 14: GLOBAL SYNTHETIC LEATHER MARKET, BY POLYVINYL CHLORIDE (PVC), 2023-2032 (IN $ MILLION)

FIGURE 15: GLOBAL SYNTHETIC LEATHER MARKET, BY BIO-BASED, 2023-2032 (IN $ MILLION)

FIGURE 16: GLOBAL SYNTHETIC LEATHER MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 17: GLOBAL SYNTHETIC LEATHER MARKET, BY FOOTWEAR, 2023-2032 (IN $ MILLION)

FIGURE 18: GLOBAL SYNTHETIC LEATHER MARKET, BY AUTOMOTIVE, 2023-2032 (IN $ MILLION)

FIGURE 19: GLOBAL SYNTHETIC LEATHER MARKET, BY FURNISHING, 2023-2032 (IN $ MILLION)

FIGURE 20: GLOBAL SYNTHETIC LEATHER MARKET, BY CLOTHING, 2023-2032 (IN $ MILLION)

FIGURE 21: GLOBAL SYNTHETIC LEATHER MARKET, BY BAGS & WALLETS, 2023-2032 (IN $ MILLION)

FIGURE 22: GLOBAL SYNTHETIC LEATHER MARKET, BY OTHER APPLICATIONS, 2023-2032 (IN $ MILLION)

FIGURE 23: NORTH AMERICA SYNTHETIC LEATHER MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 24: UNITED STATES SYNTHETIC LEATHER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 25: CANADA SYNTHETIC LEATHER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 26: EUROPE SYNTHETIC LEATHER MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 27: UNITED KINGDOM SYNTHETIC LEATHER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 28: GERMANY SYNTHETIC LEATHER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 29: FRANCE SYNTHETIC LEATHER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 30: ITALY SYNTHETIC LEATHER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 31: SPAIN SYNTHETIC LEATHER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 32: NORDIC COUNTRIES SYNTHETIC LEATHER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 33: REST OF EUROPE SYNTHETIC LEATHER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 34: ASIA-PACIFIC SYNTHETIC LEATHER MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 35: CHINA SYNTHETIC LEATHER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 36: JAPAN SYNTHETIC LEATHER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 37: INDIA SYNTHETIC LEATHER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 38: SOUTH KOREA SYNTHETIC LEATHER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 39: INDONESIA SYNTHETIC LEATHER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 40: THAILAND SYNTHETIC LEATHER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 41: VIETNAM SYNTHETIC LEATHER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 42: AUSTRALIA & NEW ZEALAND SYNTHETIC LEATHER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 43: REST OF ASIA-PACIFIC SYNTHETIC LEATHER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 44: REST OF WORLD SYNTHETIC LEATHER MARKET, REGIONAL OUTLOOK, 2022 & 2032 (IN %)

FIGURE 45: LATIN AMERICA SYNTHETIC LEATHER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 46: MIDDLE EAST & AFRICA SYNTHETIC LEATHER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 47: TORAY INDUSTRIES INC, COMPANY REVENUE, IN 2017-2021 (IN $ MILLION)

FIGURE 48: TORAY INDUSTRIES INC, COMPANY REVENUE, BY SEGMENT, IN 2021 (IN %)

FIGURE 49: TORAY INDUSTRIES INC, COMPANY REVENUE, BY GEOGRAPHY, IN 2021 (IN %)

FIGURE 50: BASF SE, COMPANY REVENUE, IN 2017-2021 (IN $ MILLION)

FIGURE 51: BASF SE, COMPANY NET PROFIT, IN 2017-2021 (IN $ MILLION)

FIGURE 52: BASF SE, COMPANY REVENUE, BY SEGMENT, IN 2021 (IN %)

FIGURE 53: BASF SE, COMPANY REVENUE, BY GEOGRAPHY, IN 2021 (IN %)

FIGURE 54: KURARAY CO LTD, COMPANY REVENUE, IN 2017-2021 (IN $ MILLION)

FIGURE 55: KURARAY CO LTD, COMPANY NET PROFIT, IN 2017-2021 (IN $ MILLION)

FIGURE 56: KURARAY CO LTD, COMPANY REVENUE, BY SEGMENT, IN 2021 (IN %)

FIGURE 57: MAYUR UNIQUOTERS LIMITED, COMPANY REVENUE, IN 2017-2021 (IN $ MILLION)

FIGURE 58: MAYUR UNIQUOTERS LIMITED, COMPANY NET PROFIT, IN 2017-2021 (IN $ MILLION)

FIGURE 59: MAYUR UNIQUOTERS LIMITED, COMPANY REVENUE, BY GEOGRAPHY, IN 2021 (IN %)

FIGURE 60: NAN YA PLASTICS CORPORATION, COMPANY REVENUE, IN 2017-2021 (IN $ MILLION)

FIGURE 61: NAN YA PLASTICS CORPORATION, COMPANY NET PROFIT, IN 2017-2021 (IN $ MILLION)

FIGURE 62: NAN YA PLASTICS CORPORATION, COMPANY REVENUE, BY INDUSTRY, IN 2021 (IN %)

FIGURE 63: NAN YA PLASTICS CORPORATION, COMPANY REVENUE, BY GEOGRAPHY, IN 2021 (IN %)

FIGURE 64: SAN FANG CHEMICAL INDUSTRY CO LTD, COMPANY REVENUE, IN 2017-2021 (IN $ MILLION)

FIGURE 65: SAN FANG CHEMICAL INDUSTRY CO LTD, COMPANY NET PROFIT, IN 2017-2021 (IN $ MILLION)

FIGURE 66: TEJIN LIMITED, COMPANY REVENUE, IN 2017-2021 (IN $ MILLION)

FIGURE 67: TEJIN LIMITED, COMPANY REVENUE, BY SEGMENT, IN 2021 (IN %)

FIGURE 68: TEJIN LIMITED, COMPANY REVENUE, BY GEOGRAPHY, IN 2021 (IN %)

FAQ’s

FAQs

 Vietnam is expected to experience the highest growth in terms of revenue during the forecast period.

The need for bio-based synthetic leather is driven by ongoing research and development and a growing desire for sustainable and animal-free leather.

Due to its moisture resistance, polyvinyl chloride (PVC) leather is used in luggage, clothing, home furnishings, and vehicle seat covers. It is ideal for high-traffic commercial seats and hospital and maritime conditions.

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